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Valor Preparatory Academy

Waco, TX · EIN 46-3834044 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Valor Preparatory Academy reported $21.6 million in revenue and $20.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $93.16 went to program services, $6.84 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 80.8% of the total. Revenue rose 1378% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $20M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $22M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
93.2%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
6.8%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
80.8%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
18.2%69.9%
Highest reported compensation
Part VII-A, columns D–F
Not reported$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
Not reported1.28%
People paid over $100,000
Part VII, line 2
08
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
2.213.3
Independent voting board members
Part VI 1a–1b
7 of 7100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$16M expenses · 84.4% of program spending · grants $16M

Valor Preparatory Academy transferred a donated building and designated donations for the remodel of this building to our supporting organization for remodeling and use as a new school facility to further support our students and mission

$2.9M expenses · 15.6% of program spending · revenue $3.9M

Valor Preparatory Academy is a christian, classical, university-model school serving pre-k through 12th grade students and their families

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$22M$20M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$22M$20M93.2%$3.6M—
FY2024 ⓘ$3.2M$3.4M69.7%$2.2M—
FY2023 ⓘ$2.7M$2.7M72.9%$2.5M—
FY2022 ⓘ$3.1M$1.9M63.2%$2.5M—
FY2021 ⓘ$2.0M$1.6M62.8%$1.3M—
FY2020 ⓘ$1.5M$1.2M69.8%$934K—

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
  • Audited financial statements Part XII 2bNo
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5106
  • Volunteers Part I, line 6120

Private foundation grants it received

3 private foundations reported grants to Valor Preparatory Academy totaling $30,650 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Valor Preparatory Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Valor Preparatory Academy, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Texas

Questions people ask

How much of Valor Preparatory Academy's spending goes to programs?

In the fiscal year ending June 30, 2025, Valor Preparatory Academy reported that 93.2% of its $20.2 million in expenses went to program services, 6.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

Where does Valor Preparatory Academy get its money?

Of $21.6 million in revenue in the fiscal year ending June 30, 2025, 80.8% came from contributions and grants and 18.2% from program service revenue (Form 990, Part VIII).

Is Valor Preparatory Academy a registered charity?

The IRS lists EIN 46-3834044 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202610849349301321 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202403209349311285 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349316859 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311359349316976 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349317727 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141379349312104 · read the filing

All filings for EIN 46-3834044: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.